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Evening Standard
Evening Standard
Business
David Buik

The City wanted Labour to succeed, but the goodwill has been rapidly squandered

A year ago the City felt warmly about incoming Labour - but no more (Lucy North/PA) - (PA Archive)

In April 2024 the boardrooms in the City of London and some from industry and commerce were buzzing with excitement at the prospect of Labour taking over from a rudderless Conservative administration.

In the previous four years, the Tory government never recovered from the damage inflicted by Covid, coupled with indolent leadership from three Prime Ministers in double quick time. This was Labour’s time. The mood was upbeat. ‘Fear initially knocked at the door, faith answered; no one was there.”

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